SAN FRANCISCO, Dec. 07, 2018 (GLOBE NEWSWIRE) — SVB:TSX; SVBL:NYSE.MKT) , a Canada-based mineral exploration company, an updated resource for the Sierra Mojada project, located in Coahuila, Mexico. Recent measurements showed 5.35 billion pounds of zinc and 87.4 million ounces of silver.
“This resource update models the mineralization defined at Sierra Mojada to zinc and silver prices realistic of the current market conditions,” stated Tim Barry, president and CEO of Silver Bull. “Sierra Mojada is one of only a handful of projects with any appreciable zinc resources and is one of the largest undeveloped silver-zinc projects in Mexico. It has excellent infrastructure; it is located three hours from an international airport with a paved road right to site; it has a functioning railway right to site; runs on grid power; and it has a skilled mining work force to draw upon in the immediate local area. This resource provides excellent leverage to both zinc and silver prices and has the potential to be scaled in size depending on metal prices.”
In June, Silver Bull Resources signed a , a large, Australia-based miner.
CEO Tim Barry noted how aggressive South32 is in the acquisition and joint venture arena, “The company recently took out Arizona Mining of US$1.6 billion. It also formed a joint venture with a company called Trilogy in Alaska, and has numerous other projects.”
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